CUBI Investors Can Become Lead Plaintiffs in Customers Bancorp, Inc. Lawsuit

Important Alert for CUBI Investors



Recent developments have brought to light a critical opportunity for shareholders of Customers Bancorp, Inc. (NYSE: CUBI) who purchased securities between March 1, 2024, and August 8, 2024. The Rosen Law Firm, a respected investor rights legal entity, has initiated a class action lawsuit against the banking institution, notifying potential plaintiffs of the impending deadline to assume a leading role in this litigation.

What You Need to Know



If you are a CUBI investor who bought shares within the specified class period, you have the chance to join this class action without incurring any upfront legal fees. The Rosen Law Firm operates on a contingency fee model, meaning that you will not pay anything unless you win your case. This element can be particularly appealing for investors seeking justice and compensation for potential losses stemming from significant misleading statements made by Customers Bancorp.

The firm's call to action is clear: investors interested in participating in the class action should act quickly. The deadline to apply as a lead plaintiff is January 31, 2025. Should you decide to take on this role, you will serve as a representative party for your fellow shareholders, influencing the direction of the ongoing litigation.

The Background of the Case



The foundation of the lawsuit rests on allegations that Customers Bancorp misrepresented critical information regarding its financial health and anti-money laundering policies. According to the complaint, the company failed to maintain an adequate compliance framework, which rendered its operations susceptible to regulatory scrutiny. As a result, public statements made by company officials about the viability and prospects of Customers Bancorp were deemed materially deceptive.

Furthermore, the lawsuit asserts that these misleading statements led to unnecessarily inflated stock prices, causing significant financial repercussions for investors when the truth emerged, ultimately resulting in losses that could have been avoided.

Why Choose The Rosen Law Firm?



The Rosen Law Firm's credibility and track record make it a noteworthy choice for investors seeking legal representation. Their history includes achieving the largest recorded securities class action settlement against a Chinese company, highlighting their capability and dedication to fighting for shareholder rights. The firm has consistently ranked at the top in securities class action settlements, recovering substantial amounts for investors across various cases.

To join the class action suit or inquire about the process, you can visit their website at Rosen Legal or contact Phillip Kim, Esq. directly at 866-767-3653. Email correspondence is also encouraged at [email protected]. This litigation will continue to unfold, and staying informed as a class member is crucial for maximizing potential recoveries.

Final Thoughts



For CUBI shareholders, the opportunity to join this class action presents a pathway to reclaim losses incurred due to the alleged misconduct of Customers Bancorp. Remember, until a class is certified, individual investors are urged to secure legal counsel if they wish to be represented or can choose to remain passive members of the class. Your stake in this matter can contribute to holding corporations accountable for their actions and creating a fairer financial environment for all investors. Proper due diligence and swift action are essential as the deadline approaches.

Stay updated on further announcements regarding this case by following the Rosen Law Firm on LinkedIn, Twitter, or Facebook. The pursuit of justice continues, and your participation is vital in this endeavor.

Topics Financial Services & Investing)

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